Saratoga Investment (NYSE:SAR) Share Price Passes Above 200-Day Moving Average of $23.17

Saratoga Investment Corp. (NYSE:SAR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.17 and traded as high as $23.27. Saratoga Investment shares last traded at $23.17, with a volume of 69,847 shares.

Analyst Ratings Changes

Several brokerages recently commented on SAR. Compass Point raised shares of Saratoga Investment from a “neutral” rating to a “buy” rating and set a $24.75 target price on the stock in a research note on Thursday, July 11th. B. Riley reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Saratoga Investment in a research note on Thursday, July 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.94.

Saratoga Investment Trading Up 0.0 %

The firm has a market cap of $318.49 million, a P/E ratio of 19.15 and a beta of 1.32. The firm’s fifty day moving average is $23.10 and its two-hundred day moving average is $23.17. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.09.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Tuesday, July 9th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.08. The business had revenue of $38.68 million for the quarter, compared to analysts’ expectations of $36.52 million. Saratoga Investment had a net margin of 10.66% and a return on equity of 14.67%. Analysts predict that Saratoga Investment Corp. will post 3.6 earnings per share for the current fiscal year.

Saratoga Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Wednesday, September 11th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 12.78%. The ex-dividend date of this dividend was Wednesday, September 11th. Saratoga Investment’s dividend payout ratio (DPR) is currently 244.63%.

Institutional Trading of Saratoga Investment

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of Saratoga Investment during the 2nd quarter valued at $108,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Saratoga Investment by 8.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 9,885 shares of the financial services provider’s stock valued at $225,000 after buying an additional 770 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Saratoga Investment by 12.2% during the 2nd quarter. Wedbush Securities Inc. now owns 9,900 shares of the financial services provider’s stock valued at $225,000 after buying an additional 1,075 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Saratoga Investment by 7.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 11,393 shares of the financial services provider’s stock valued at $264,000 after buying an additional 832 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Saratoga Investment by 8.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,827 shares of the financial services provider’s stock valued at $487,000 after buying an additional 1,444 shares in the last quarter. Institutional investors own 19.09% of the company’s stock.

Saratoga Investment Company Profile

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.